"I thought the market was going down, but a house in Rolling Hills is in escrow for more than $13,000,000. What's going on?" Those were the words of a Rolling Hills resident who is contemplating listing his property in the next few weeks.
Are you confused by the plethora of press predicting gloom and doom? Are you too afraid to buy and remain on the sideline nervously waiting for the bottom? Do you fear listing your property will be an act of futility? Relax, what you need are the facts, not fear tactics.
Here's the scoop with no fluff, just the facts:
Palos Verdes Market Update as of November 25, 2007
Active Listings: 205 Single Family Homes Currently For Sale Priced from $599,000 to $23,000,000
In Escrow: 39 Single Family Homes Currently In Escrow Priced from $799,000 to $13,250,000
Sold 4rd Q 07: 53 Single Family Homes Sold 4rd Q as of 11/25/07 from $548,900 to $3,400.000
Sold YTD: 499 Single Family Homes SOLD in 2007 and we still have a month to go!
Statistics taken from MLS and includes the following Palos Verdes Peninsula cities: Rolling Hills, Rolling Hills Estates, Palos Verdes Estates and Rancho Palos Verdes.
We're fortunate to live in a coastal community with excellent schools, very little new construction and foreclosures are rare. Therefore, our residential resale market remains strong.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
Boitano Palms - Boitano Palms Video
Find Norma on: Facebook - Twitter - LinkedIn - Email Norma
Palos Verdes Real Estate Blog - Palos Verdes Real Estate Website
Palos Verdes Home Search - More information on Palos Verdes
Subscribe via ActiveRain - Subscribe via Email - Start your own blog on activerain!
Sell Smart, Buy Wise and Live Well
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333
PalosVerdesLifestyle- Norma's award winning site as the best Palos Verdes homes and real estate blog since 2007. Selected by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Find Norma on: Facebook - Twitter - LinkedIn - Email Norma
Palos Verdes Homes Blog - Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Realtor Agent
Palos Verdes Coastal Homes - Los Angeles Home Search
Photos of Palos Verdes - Palos Verdes Videos
Palos Verdes Luxury Homes - Beach Cities Homes
